Good progress has been made towards reducing inflation, but they cannot afford to be complacent, said Raphael Olszyna-Marzys, an international economist at J Safra Sarasin Sustainable Asset Management.
Andrew Bailey, the Bank's governor, said last month it was far too early to be thinking about rate cuts, while warning there was no room for complacency on inflation despite a fall in the consumer price index from 6.7% in September to 4.6% in October. Jerome Powell, the US Fed chair, also warned earlier this month it would be premature to conclude with confidence that the world's most powerful central bank had achieved a sufficiently restrictive stance to tame inflation.
[
add
]
[
|
|
...
]